A Wealthy Relative of Emma's Promises to Give Her $5,000

A wealthy relative of Emma's promises to give her $5,000 once she completes all of the college courses needed to earn a degree in business. She would invest this money in her bank till then, at a specific interest rate. The present value of this future sum will be:

A) more than $5,000, but the exact value depends on how long it takes Emma to earn her degree plus the interest rate.
B) less than $5,000, but the exact value depends on how long it takes Emma to earn her degree plus the interest rate.
C) more than $5,000, but the exact value depends on the exchange rate for the dollar minus the interest rate.
D) less than $5,000, but the exact value depends on the exchange rate for the dollar minus the interest rate.